This Graph Shows the Cost and Revenue Curves Faced by a Monopoly

question 111

Multiple Choice

This graph shows the cost and revenue curves faced by a monopoly.
According to the graph shown,if Q1 units are being produced,this monopolist:

• A)should increase production.
• B)should charge P0 to maximize profits.
• C)should charge P1 to maximize profits.
• D)should charge P3 to maximize profits.

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